Bank of America

  www.bankofamerica.com
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6122 Employee Reviews (View Most Recent)

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Great company with excellent benefits

National Production Support (Former Employee) Atlanta, GA

ProsCompetitive salary and benefits. I was in a work from home job the last 2 years employed which really cant be beat.

Cons401k really din't have much in the way of fund selection. I've read that this is pretty much standard for the banking industry. There is just too much money to be made back by offering mediocre funds and hoping you will buy the banks funds which tend to under perform the market and have high fees to boot. They also rely on out sourced labor so be prepared to be jettisoned if they deem you replaceable.

Advice to Senior ManagementI still own BAC stock so keep up the out sourcing and continue to drive profits up but be aware that the offshore labor you hire are contractors. The don't work for the bank. They are loyal to the contractor company that prints their paychecks and will immediately jump ship for a higher paying gig at first opportunity.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Great products, but large and hard to get things done

    Senior Vice President (Current Employee)

    I have been working at Bank of America full-time for more than 5 years

    Pros: Great capabilities. Good compensation. Good people. Cons: Hard to get changes made. Advice to Senior Management: Delegate some power down so employees can make changes that… Yes, I would recommend this company to a friend More

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    Excellent opportunity for hard workers

    Personal Banker (Former Employee) Canyon Country, CA

    I worked at Bank of America full-time for more than a year

    Pros: Competitive Pay, Steady Hours and Holidays, Upward Mobility, Recognition for… Cons: Strict Goals, Little Room For Error, Simple Mistakes can cost… Advice to Senior Management: A workers past efforts and success should be considered more… Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company… More

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